Analytics

Following on from an earlier update today, noting the fall in BTC, one major cause behind that drop has been the further sell off in Ethereum (ETHUSD).

Earlier today I warned about a potential drop below $1550 on Ether delivering a deeper move and one that could take out the previous interim low at 1491.

This week the crypto news has been all about Ether and its new software upgrade and staking wallets.

The breakout to the downside below 19,500 reported on here much earlier this morning on Bitcoin has seen a corresponding move lower unfold in Ether.

On Friday it was again noted here; that Ether was still holding a price range, approximately defined by its 50 and 100 day moving averages.

Following on from the previous update, noting the modest gains seen in BTC so far today, the same can be said of it lead competitor, Ethereum (ETHUSD).

Following on from the previous update noting the price action in Bitcoin today, here is some detail on its leading competitor.

It has been a while since there was any coverage here on the progress of Ethereum (ETHUSD).

As noted in the previous update on the weekend price action in Bitcoin, the move lower there was once again clearly led by Ether.

The sharp fall in Bitcoin noted here earlier today was not alone of course. Ether took a big hit at the same time too.